HBS
ActiveHBS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €273k and a net result of €-2.90M. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 1303 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
0
/ 100
Critical▼ -12 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency13▼-21
Growth23▼-6
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 1.16 in 2023), and 95.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
4.7%
Return on assets
-50.2%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€2.9M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1303 sector peers (2024).
NBB · sector comparisonPosition among 1303 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-12-2025, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
125 d late
2023
119 d late
2022
35 d early
2021
46 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€10.93M▼ 29.8%
2023 · €15.57M
2018: €18.71M
2019: €14.72M
2020: €13.59M
2021: €10.93M
2022: €12.45M
2023: €15.57M
2018 → 2024
EBIT margin
-25.3%▼ 20.7pp
2023 · -4.7%
2018: 11.2%
2019: 10.1%
2020: 9.2%
2021: 0.0%
2022: -0.5%
2023: -4.7%
2018 → 2024
Net result
€-2.90M▼ 265%
2023 · €-793k
2018: €1.47M
2019: €1.03M
2020: €924k
2021: €288
2022: €-100k
2023: €-793k
2018 → 2024
Working capital
€-358k
2023 · €957k
2018: €2.81M
2019: €2.01M
2020: €1.61M
2021: €2.65M
2022: €1.76M
2023: €957k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€13.59M-€10.93M▼ 19.6%€12.45M▲ 13.9%€15.57M▲ 25.1%€10.93M▼ 29.8%
Equity€2.56M-€2.56M=€2.46M▼ 3.9%€1.67M▼ 32.2%€273k▼ 83.7%
Operating result€1.25M-€2k▼ 99.8%€-58k€-724k▼ 1,153%€-2.77M▼ 282%
Net result€924k-€288▼ 100.0%€-100k€-793k▼ 689%€-2.90M▼ 265%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.77M in 2024 against €724k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.78M
Fixed assets
€631k▼ 11.5%
Current assets
€5.15M▼ 24.8%
Equity and liabilities €5.78M
Equity
€273k▼ 83.7%
Debt
€5.50M▼ 6.5%
The debt ratio rises from 77.9% to 95.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-2.63M▼
2023 · €-583k
Cash flow
€-2.76M▼
2023 · €-651k
Solvency
4.7%▼
2023 · 22.1%
Current ratio
0.93▼
2023 · 1.16
Quick ratio
0.88▲
2023 · 0.70
Debt / equity
20.19▲
2023 · 3.52
ROE
-1062.6%▼
2023 · -47.5%
ROA
-50.2%▼
2023 · -10.5%
Interest coverage
-19.29▼
2023 · -6.27
Debt
€5.50M▼
2023 · €5.89M
Debt ≤ 1 year
€5.50M▼
2023 · €5.89M
Income taxes
€2k▲
2023 · €1k
Staff costs
€1.62M▼
2023 · €1.85M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€7.55M€5.78M▼
Fixed assets21/28€712k€631k▼
Tangible fixed assets22/27€712k€627k▼
Land and buildings22€2k€2k=
Plant, machinery and equipment23€60k€29k▼
Furniture and vehicles24€84k€67k▼
Other tangible fixed assets26€474k€529k▲
Assets under construction and advance payments27€92k-
Financial fixed assets28€685€4k▲
Other financial fixed assets284/8€685€4k▲
Amounts receivable and cash guarantees285/8€685€4k▲
Current assets29/58€6.84M€5.15M▼
Stocks and contracts in progress3€2.70M€311k▼
Stocks30/36€125k€100k▼
Raw materials and consumables30/31€115k€100k▼
Property held for sale35€10k-
Contracts in progress37€2.58M€211k▼
Amounts receivable within one year40/41€3.63M€2.66M▼
Trade receivables40€3.25M€2.13M▼
Other amounts receivable41€375k€529k▲
Cash at bank and in hand54/58€393k€2.14M▲
Deferred charges and accrued income490/1€119k€36k▼
Equity and liabilities
Total equity and liabilities10/49€7.55M€5.78M▼
Equity10/15€1.67M€273k▼
Contributions10/11€266k€1.77M▲
Capital10€266k€1.77M▲
Issued capital100€266k€1.77M▲
Reserves13€456k€456k=
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Distributable reserves133€430k€430k=
Profit (loss) carried forward14€947k€-1.95M▼
Amounts payable17/49€5.89M€5.50M▼
Amounts payable within one year42/48€5.89M€5.50M▼
Trade debts44€2.73M€2.41M▼
Suppliers440/4€2.73M€2.41M▼
Advances received on contracts in progress46€367k€678k▲
Taxes, remuneration and social security45€157k€240k▲
Taxes450/3€1k€140k▲
Remuneration and social security454/9€156k€100k▼
Other amounts payable47/48€2.63M€2.18M▼
Income statement
Code20232024
Operating income70/76A€16.39M€8.87M▼
Turnover70€15.57M€10.93M▼
Change in stocks of work in progress, finished goods and contracts in progress71€650k€-2.28M▼
Own construction capitalised72€42k€39k▼
Other operating income74€125k€85k▼
Non-recurring operating income76A-€100k
Operating charges60/66A€17.11M€11.64M▼
Goods for resale, raw materials and consumables60€13.53M€8.11M▼
Purchases600/8€13.53M€8.08M▼
Change in stocks: decrease (increase)609€3k€25k▲
Services and other goods61€1.57M€1.66M▲
Remuneration, social security and pensions62€1.85M€1.62M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€135k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€106k
Other operating charges640/8€21k€7k▼
Operating profit (loss)9901€-724k€-2.77M▼
Financial income75/76B€26k€11k▼
Recurring financial income75€26k€11k▼
Other financial income752/9€26k€11k▼
Non-recurring financial income76B€33-
Financial charges65/66B€93k€137k▲
Recurring financial charges65€93k€137k▲
Debt charges650€93k€137k▲
Profit (loss) for the period before taxes9903€-791k€-2.90M▼
Income taxes67/77€1k€2k▲
Taxes670/3€1k€2k▲
Profit (loss) for the period9904€-793k€-2.90M▼
Profit (loss) for the period to be appropriated9905€-793k€-2.90M▼
Appropriation of the result
Profit (loss) to be appropriated9906€947k€-1.95M▼
Profit (loss) brought forward from the previous period14P€1.74M€947k▼
Social balance
Average headcount (FTE)908729.926.4▼
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 125 days late
2024
31-12
Financial
Weakest financial yearnet €-2.90M
Net result drops to €-2.90M, the lowest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 119 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 46 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
21 directors, last change in 2025
B. Lenaerts
CurrentDirector · since 15-10-2021
D. Roosen
CurrentDirector · since 15-10-2021
R. Eijckmans
CurrentDirector · since 15-10-2021
Bert Lenaerts
CurrentDirector · since 22-06-2018
Ronny Eijckmans
CurrentDirector · since 22-06-2018
Jozef Lembrechts
Not recently confirmedDirector · since 22-06-2018
+ 12 not shown in this overview
24-03-2025
Bert Lenaerts: Appointed as Director
24-03-2025
Ronny Eijckmans: Appointed as Director
19-12-2022
Dirk Roosen: Resigned as Director
15-10-2021
B. Lenaerts: Appointed as Director
15-10-2021
D. Roosen: Appointed as Director
15-10-2021
R. Eijckmans: Appointed as Director
06-01-2021
Dirk Roosen: Appointed as Managing director
20-02-2020
Joeri Schellens: Resigned as Director
22-06-2018
Bert Lenaerts: Appointed as Director
22-06-2018
Ronny Eijckmans: Appointed as Director
22-06-2018
Jozef Lembrechts: Appointed as Director
22-06-2018
Karolien Van den Bogaert: Appointed as Bedrijfsjurist
22-06-2018
Peter Bervoets: Appointed as Directeur schrijnwerkerij
22-06-2018
Sonja Wens: Appointed as Gevolmachtigde
22-06-2018
Dirk Roosen: Appointed as Algemeen directeur
22-06-2018
Joeri Schellens: Appointed as Director
22-06-2018
Frans Mathé: Resigned as Managing director
17-06-2015
Jureco bvba: Appointed as Director
17-06-2015
Lemma bvba: Appointed as Director
17-06-2015
Mainvest bvba: Appointed as Director
17-06-2015
Manibel bvba: Appointed as Director
17-06-2015
Scheema bvba: Appointed as Director
24-06-2010
Frans Michielsen: Appointed as Director
24-06-2010
Jef Lembrechts: Appointed as Director
+ 3 not shown in this overview
Not every act has been read: a resignation may be missing here
15 of this company's 15 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 1999
Ground area
3.4 ha
Building footprint
5,238 m²
Parcel 13373A0494/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
H.B.S.
since 19992.052.539.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373A0494/00E000 | Flanders | 3.4 ha | 1 · 5,238 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
4 auditors| Deloitte Bedrijfsrevisoren bvCurrent Statutory auditor | 02-01-2025 → present |
Show 3 earlier auditors
| A. Nuttens Statutory auditor succeeded by Deloitte Bedrijfsrevisoren bv in 2025 | 22-06-2018 → 02-01-2025 |
| Forvis Mazars Bedrijfsrevisoren Statutory auditor | - → 02-01-2025 |
| Mazars Bedrijfsrevisoren Statutory auditor succeeded by A. Nuttens in 2018 | 17-06-2015 → 22-06-2018 |
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Of 29,533 companies in sector 41001 we hold annual accounts for 15,863. 11,144 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-03-1991
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
45212
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.